All posts tagged government revenue

KUALA LUMPUR, Malaysia — In smoky Malaysia, where almost every other male adult is a smoker, the government loses hefty revenue from illegal cigarette sales every year.

Malaysia lost $622 million in revenue in 2012, according to a recent study by Oxford Economics and the non-profit researcher International Tax and Investment Center.

The study looked at 11 countries in the Asia-Pacific region, which suffer from tax evasion due to illicit cigarette sales. Australia, with an estimated revenue loss of US$1.14 billion last year, topped the list. Malaysia came in second. Read More »

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Islamic State is providing “fresh oxygen” to extremist groups in Muslim-majority Indonesia, says a police official. What impact could the group known as ISIS have on Indonesia? And how is the government working to curb the danger? Here’s the short answer.